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Gift recd by an individual but not showing.

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(Querist)
11 September 2014 anyone have idea if an individual recd a gift from non relative and other than marriage occasion and amt exceed from 50000... in which manner, income tax department find out the value of gift while individual didn't show the gift.... and gift recd by him from company for a good performance.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 September 2014 what gift is rec pls mention that first
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 September 2014 The company will be claiming the gift as expense in the books of accounts and also deducting the tax. If TDS is made it will appear in 26AS.
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